Forbes: Trump Lost $600 Million In Last Year

Forbes reports:

A tough New York real estate market, a costly lawsuit and an expensive presidential campaign all contributed to the declining fortune of the 45th president. After months of digging through financial disclosures and public property records and conducting dozens of interviews, Forbes now estimates POTUS’ net worth at $3.1 billion, down from $3.7 billion a year ago. He drops to No. 248 in the ranks of the richest people in America, down from No. 156 in 2016.

The biggest hit was to Trump’s real estate portfolio, which is weighted heavily toward New York City. Values of several Manhattan properties, particularly those on or near Fifth Avenue, have dropped, shaving nearly $400 million off his fortune.

Some of his golf properties, including ones in Miami, Ireland and Scotland, have also declined in value, as some would-be guests stayed away, apparently offended by the president’s politics and bombast. Trump’s cash pile is down an estimated $100 million since last year, after he spent $66 million on his campaign and $25 million settling a lawsuit over Trump University. As always, we refined our estimates based on new information uncovered during months of reporting.

  • Tawreos

    Too bad they can’t find out how much wealth he has stashed in Russia that is just waiting for him to finish his presidency.

    • Karl Dubhe

      That’s not real money. πŸ™‚

      You don’t think the Russians are going to keep whatever bargain they made with Donald, do you? πŸ™‚

      • Tawreos

        He obviously does.

        • Karl Dubhe

          Well, he thinks a lot of silly things.

          Doesn’t he?

      • Given his reputation of fucking people over after being a failure at his job, taking all the money and leaving, I would find it hilarious if it was turned on him.

  • bkmn

    But he has managed to pay himself a lot of tax-free money….

    • The_Wretched

      and park a lot in his campaign so it doesn’t show up on his taxes nor those of the trump org.

  • bkmn

    O/T – interesting read at Vanity Fair about the deadline Jared is facing that could see his family biz destroyed – less than two years away…

    https://www.vanityfair.com/news/2017/10/jared-kushners-family-is-screwed-and-its-all-boy-wonders-fault

    • Ernest Endevor

      Kushner’s partner, Steve Roth, is the husband of Daryl Roth, an influential Broadway dilettante and investor. Together they are the parents of Jordan Roth, CEO of Jujamcyn a theatre owning and producing outfit in NYC. The proud parents bought a controlling interest as a graduation present for their son.

    • JAKvirginia

      Well, cripes, when you buy a property with the address of 666 you should know there’ll be hell to pay.

      • bkmn

        Isn’t that what Trump calls what is on his head? Hell toupee.

        • thatotherjean

          It’s not nice to insult poor, dead monkeys like that.

  • Uncle Mark

    Does this report include that falling value of the Ruble as hurting Trump’s financial net worth? Does this include his moral bankruptcy?

    • edrex

      “moral bankrupcy”…priceless. for everything else there’s mastercard.

  • PickyPecker
  • AmeriCanadian

    Finally…some good news today!

  • Bob_Barnes

    how much did his kids rake in as they were holding the blind trusts?

  • justme

    He’ll just “borrow” more against empty promises from his Russian backers

  • Ragnar Lothbrok

    Russian interest rates must be bigly.

    • james1200

      He’s laundering money for Russians, has been for at least a decade. How do you lose money doing that? OMG, I’m speechless. I’m so shocked at this level of incompetence that I can’t even think of an appropriate gif and I can *always* think of an appropriate gif!

      • greenmanTN

        He lost money on casinos. As the old saying goes, he could fuck up a wet dream.

      • Ragnar Lothbrok

        I mentioned last week that Moran JR is coming to my corner of the world to go pheasant hunting with Steve King (R-Ia). Let’s hope Junior is as big a fuck up at everything as daddy Moran is.

        • PickyPecker

          Is it pheasant season in IA already?

          • Fritz Keppler

            Or peasant season. A lot more fun for them.

          • Ragnar Lothbrok

            Still, a 3 bag limit πŸ™

          • Phillip in L.A.

            (ARTHUR.) Well, I am King!
            (DENNIS.) Oh, king, eh–very nice. How’d you get that, eh? By exploiting the workers, by hanging on to outdated imperialist dogma, which perpetuates the economic and social differences in our society. If there’s ever going to be any progress….
            (OLD WOMAN.) Dennis, there’s some lovely filth down here!…

            https://youtu.be/t2c-X8HiBng

          • Ragnar Lothbrok

            Opens the 28th. Thing is with all the monoculture there are not many about. The will hunt at a game farm full of released farm raised birds. Yippeeee

          • PickyPecker

            We’ve seen an increase in pheasants and turkeys the last couple of years. There’s been a change in policy for IDOT re: mowing and clearning along highways as well as a reduction in the coyote population.

          • Phillip in L.A.

            I hope you didn’t send all those coyotes to California, PP! We have enough here already, as it is

        • greenmanTN

          I’m hoping for a little Dick Cheney action.

        • james1200
      • Bluto
      • The_Wretched

        The way real estate money laundering works, the bigger the losses on the property, the easier it is to hid in the dirty money.

        • james1200

          Ah! Hopefully, Mueller on this, too, then.

  • Gene Perry

    Dude personal lost $600 million & we put him in charge of the US budget? Somebody here is really stupid. Haven’t decided if it’s Trump or the voters.

    • Todd20036

      What’s worse is that Trump’s base thought Trump was such a great businessman he could run the country like a business.
      I told people that Trump was born rich and that he would have earned more money if he just left his inheritance in stock funds.
      But Nazis don’t really give a shit about that anyway

      • Phillip in L.A.

        Also, the country isn’t a business–it’s a country! πŸ˜‰

        • greenmanTN

          Details details…

      • Rambie

        Facts have a liberal bias you know

    • boatboy_srq

      Yes.

    • Rambie

      Why can’t it be both?

    • John

      It’s both!

  • coram nobis

    Is that a great businessman, or what? Huge! No one can lose money like The Donald, so he’s a good fit for this Congress’s spending.

    • justme

      the taxpayers will foot the bill..

      • coram nobis

        Four bankruptcies meant that someone else was always stuck with The Donald’s unpaid bills.

        • Stubenville

          OPM; Other People’s Money.

  • Dazzer

    I wouldn’t trust Forbes’s estimation of anyone’s wealth further than I could comfortably spit a rat.

    People who want to be on the list are on the list. People who don’t want to be on the list aren’t on the list.

    And the figures given for any individual’s wealth should be trusted as much as the information written in any book called Fairy Tales of Old Ireland

    • Ross

      You miss the point.

      This will really piss Donald off.

      • Dazzer

        Yes. But in reality, it’s a failure in financial PR – not any real measure of anyone’s wealth.

        I’m delighted that it’ll piss off Trump. If we’re really lucky he’ll have apoplexy.

        My point is that the Forbes’ list is meaningless drivel. When I worked in financial journalism in the City of London, I knew people who fought like hell to get on the list – and people who made sure that they never appeared on any list anywhere.

        For example, Queen Elizabeth II has always appeared on the list as somewhere between the fourth and sixth richest woman in Britain. And that’s the way her advisors like it. They’re more than happy to have JK Rowling have to do all the heavy lifting in public. But the reality of the situation is that the Queen’s private fortune is so secretive and invested in so many places around the world that it’d be easier to find out the Vatican’s true worth.

    • coram nobis

      Some of those Irish fairies can be as scary as anything in Forbes’ economic analysis.

      https://www.youtube.com/watch?v=W2WeFy8_0gs

      • greenmanTN

        When it comes to Trump β€œThe Scorpion & The Frog” is more apt.

        • Phillip in L.A.

          Yay! I’m so glad that story made an impact on you, greenmanTN! πŸ™‚

    • edrex

      um. just curious. do irish fairy tales involve spitting rats?

      • Dazzer

        I think one or two have involved eating rat – not sure about spitting them.

  • Ross

    I have long suspected that Trump has a negative net worth.

    For some time, he has been kept afloat by Russia.

    He is an alleged billionaire.

    • Uncle Mark

      Mark Cuban (after being spurned the VP slot by the Trump campaign) pointed out how a REAL billionaire does not make billions hawking water, steaks, mattresses or clothes. He further pointed out the low value & profits from all of his golf courses, as well as just selling his name brand to certain buildings.

      • Ross

        Trump was forced to sell his brand name after no US or European banks would finance anything.

        MOST buildings and resorts and gold courses and hotels with the Trump name on them are NOT owned by Trump.

        • And once he’s out of office, I wonder how many will be scrutinizing their licensing contracts to see how quickly they can dump his name.

          • Tom Furgas

            That’s good; “gold courses”. But that ain’t worth much gold now.

          • olandp

            Pyrite.

          • MonochromeMouse

            Some already are, several have changed their name to “Scion” to try and hide the fact that they are linked to trump.

          • Janet

            Google is paying 97$ per hour,with weekly payouts.You can also avail this.
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    • Tatonka

      I’m come across a few of those in my practice as a commercial litigator. It is an amazing fact that there is no necessary relationship between “wealth” and net worth. The belief in someone’s wealth somehow makes them wealthy.

      • Lars Littlefield

        I’m a spiritual millionaire. Does that count? ;p

        • Phillip in L.A.

          It certainly does!

    • Scott MB

      tRump has no real money to speak of. If he had to liquidate and pay off all his debts he would have very little if not being in the negative. Most of his “properties” only hold his name, he doesn’t own the property himself, so he has no value in that property as they can drop his name and still stay in business.

      • Pete Wascher

        that’s what a casino down valley did, drop the trump name. –p.w., palm springs, ca

    • FAEN

      He’s barely an alleged human being.

    • FAEN

      Always good to see you hottie man.

    • The_Wretched

      Someone has to money launder, why not him?

    • TrueWords
      • DonnaLee

        More of this type of talk needed to happen before the election.

    • DoctorDJ

      He is an alleged president.

  • eyefidelity

    I suppose Trump’s lawyers will argue that he isn’t violating the Emoluments Clause of the Constitution; he’s simply trying to recoup his losses….

    • coram nobis

      Two emoluments clauses, in Art. I and II. Plenty of emoluments to rub into the bill of charges.

      • Robincho

        Let Mueller use emoluments like EstΓ©e Lauder uses emollients…

        • coram nobis

          The Washington Emolument line of products.

        • greenmanTN

          OT, but my brother and his husband use every moisturizer and skin toner known to man or woman. He was driving somewhere, somewhat recklessly IMO, so I said β€œWould you slow down?! If we wreck there isn’t going to be anything left but a greasy spot and two puddles of emollients!”

          (His husband doesn’t like me, but then I’m not in his fan club either.)

      • Phillip in L.A.

        Say, have you taken a look at Forsyth County v. Nationalist Movement (1992) 505 U.S. 123 [112 S.Ct. 2395] lately, coram nobis? That seems like a case that is ripe for reversal; especially since the Dissent (penned by Rehnquist, CJ, and joined by White, Scalia, & Thomas, JJ) seems right to me…..

        • coram nobis

          Interesting case, in light of, say, the provocations that Milo Yappypoodle and others caused in the Bay Area. I’m not sure that a future ruling should overcome the prior-restraint criterion; instead, the Court might set criteria for finding organizers liable if, after the fact, it’s shown they recklessly or deliberately invited crimes against property or people.

          • Phillip in L.A.

            Not to mention Richard Spencer @ UFL, Gainesville!

            What I can’t understand is, why don’t the municipalities just draft appropriate standards for the licensing administrator to use in making decisions? That was the whole holding of that case….

          • coram nobis

            Poorly drafted, and the Court said even a lesser fee would still be prior restraint. Wrong approach.

          • Phillip in L.A.

            Yes, I know what the majority of the Court said; the problem is, what Justice Blackmun “said” doesn’t make any sense (not the first time, for him), and it doesn’t align with prior precedent, such as the unanimous Cox v. New Hampshire (1941) 312 U. S. 569, 576 (per Hughes, CJ) (New Hampshire Supreme Court affirmed; “In exercise of its power to license parades on city streets, the State may charge a license fee reasonably adjusted to the occasion, for meeting administrative and police expenses.”)

            I’m sure you will not hesitate to enlighten us as to the correct approach! πŸ™‚

          • Gustav2

            Could universities set academic standards for speakers?

          • coram nobis

            We’re talking about public event organizing here, not curricula. Seems a small quibble, but courts try to spot the issue, and it has to do with inflammatory content rather than academic knowledge.

          • Phillip in L.A.

            Interesting idea, Gustav2! But it seems that scheme would also run afoul of Justice Blackmun in Forsyth County, who might argue that it also provides the opportunity for content-based ‘discrimination’ and ‘censorship’

          • Phillip in L.A.

            I have a hard time agreeing that a governmental unit charging a “reasonable fee” for a parade license that takes into account the projected ACTUAL cost for providing security, etc., is a “prior restraint”

    • Cipher

      “It’s fake news, folks. Fake! I haven’t made any money since I became the President”

  • Ninja0980

    Expect a tweet storm in 3..2..1…

  • LSMC1987

    To regain some of the money, might I suggest prison stock? between him, his family, and administration, he could easily make up for the real estate decline…. for them, membership will be free

  • justme

    o/t
    Truthless Trump will claim responsibility with his no policy no work agenda
    https://www.msn.com/en-us/money/markets/dow-briefly-hits-23000-for-the-first-time/ar-AAtDbqS

  • Ken M

    He never turned over his past tax returns, did he?

    • Tawreos

      Of course not, can’t let people find out the truth about anything.

      • Ken M

        His worth, or worthlessness?

    • JAKvirginia

      No, because audit. IRS will not confirm/deny because legally can’t. So has Donnie shown official audit notification letter(s) from IRS? Um… no.

      • Ken M

        Title and money protecting what he claims is his money. Only in America.

    • Blackfork

      Mueller’s team has them now so we’ll learn a lot from them in the not too distant future.

      • Ken M

        Then he can claim the IRS is fake too. “New tax break, don’t pay them. They can’t come for all you.” Trump’s words of advice to his faithful base. πŸ˜‰

        • Paula

          New Executive Order coming from the top.

  • JAKvirginia

    And let us not forget, a year ago on the campaign trail, he said he was worth 10 billion. Hmmmm…..

  • Dan

    Well he’s about to give himself a huge ass tax break so he’ll be fine.

  • justme

    But he’ll claim losses in the billions so America can pay for it..

    • Natty Enquirer

      Who do you think writes the tax laws?

  • Ken M

    They mean $601m lost. They forgot his generous gift to TX. /s

  • GayOldLady

    What Forbes can’t tell us is how leveraged Trump’s holdings are and without that we have no idea what he’s worth. One thing we do know is that he’s been living high on the hog on our dollar since January 20th. Since Trump took office he’s spent 69 of his 269 days in office at his golf resorts, which is roughly 25% of his presidency.

  • Lazycrockett
    • Bluto
      • Frank McCormick

        If there is one thing I was lucky to learn early from the well off, it’s that no matter how much money you have it’s never enough.

    • Lars Littlefield

      Bagley is a genius.

      His tweeter account proclaims: “Editorial Cartoonist for The Salt Lake Tribune. I am what Utah has instead of a Democratic Party.”

      • Rambie

        If you ever lived in Utah you’d know that, sadly, his twitter tag list is correct.

        • Lars Littlefield

          Very true. BTW I live in Utah.

          • Rambie

            I escaped Aug 2016. πŸ™‚

          • Lars Littlefield

            Congratulation on your good fortune. I live 35 miles+ south of Moab on a tranquil and isolated little farm. It’s WAY scenic. So, it’s not as bad as when I grew up in SLC.

          • Rambie

            Yes, it’s beautiful down there and SLC wasn’t so bad but I’m a born and raised Weber/Davis County boy.

          • Lars Littlefield

            So, you grew up in the celestial kingdom. You have my sympathy.

          • Rambie

            As a born and raised non-Mormon, it was better than being in small town Utah. Near the Hill AFB, there was more of us heathens. πŸ™‚

  • shellback

    I look forward to New York arresting, convicting, and seizing all assets of the entire Dump crime family. Make it soon. I’m not getting any younger.

  • Michael R

    Throw him a roll of paper towels .

  • Phillip in L.A.

    This is why Mr Tramp will not release his tax returns: because they will show his net worth is FAR LESS than everyone seems to think it is

  • Bluto
  • skyweaver

    Well I almost never travel, but I’m not staying away from Trump’s properties because of “bombast”. It’s because he’s admitted to sexual assault. I think we can all agree that this is true, right? That he’s said OUT LOUD he’s pro-sexual-assault. That isn’t mentioned nearly often enough.

  • bkmn

    That was last year, this year he lost his mind.

  • Tawreos

    O/T Trump finally got around to endorsing Roy Moore, but doesn’t like to be questioned about it.

    https://thinkprogress.org/donald-trump-dodges-roy-moore-question-e5276c997989/

  • shellback

    Apparently, I’m a better businessman. I have not lost anywhere near $600 million in my entire life.

    • jmax

      Does never having it count as losing it?

      • shellback

        Shut up with your details.

        • jmax

          If that’s the case, I’ve lost trillions of dollars. Make me president!

          • shellback

            Off this topic: I’m wondering if our avatars should start dating.

          • jmax

            Never noticed before. Have your devil look mine up on Grindr πŸ™‚

          • Tom Furgas

            What better place to hook up than on JMG? ;^)

  • The_Wretched

    I’m sure Trump can make up the losses by selling hats.

  • Andrea_Rae

    Yeah but he’s pilfering the American taxpayer Putin style, he’ll be hella rich by the time he leaves the White House.

    • The_Wretched

      he’s apparently losing money even while violating the emoluments clauses

  • Natty Enquirer

    Of course, Forbes can’t take his Russian liabilities into account.

    • boatboy_srq

      Those off-book loans will get you every time.

  • Ken M

    Since he can’t while in office, I wonder if the extended family is doing a better job of running everything. They would be an easy target for him to blame of course.

  • JT

    Loser!

  • JWC

    well Dony who ya gonna sue

  • jmax

    Fake billionaire!

  • boobert

    BALONEY !!! He’s made 10x that for charging the secret service and back door deals with china and russia !

  • Nick in Pasadena

    I was on a cruise last week on which I was regularly seated at dinner with complete strangers, which I usually enjoy. One night I was dining with a nice Lebanese-American man and his wife. I usually steer clear of politics, but the subject of Trump came up, and the man said, “I’m an Obama fan, but I appreciate that we have a businessman as president.” I said, “With multiple bankruptcies, he’s not much of a businessman. What he is, is a con man.” His wife beamed at me and said, “YES!!”

    • John Ruff

      Businessmen are NO role models

      • Canadian Observer

        You’re forgetting lampreys.

    • Rolf

      He’s a LOSER!

  • Professor Barnhardt

    His net worth dropped $600 million.

  • Gustav2

    Awwwwww.

  • Tomcat

    I am sure Mueller is willing to look into that lie for you.

  • Jean-Marc in Canada

    The King of Bankruptcy loses money…again. Je suis en choc!!!

  • boobert

    I love that pic! It looks like he’s giving himself the “finger” like the Beach Party movies.

  • boatboy_srq

    A) tRump actually had $600M to lose?

    B) New Money: easy come, easy go.

    C) Dad would be so proud.

    here endeth the snark

    • Halou

      It is a loss of ‘value’, not actual hard currency. Trump, despite being bankrupt if not for Russian money, is indeed worth so much but only because the properties he owns are worth so much.

      • boatboy_srq

        Which in turn brings up the ownership of that value: tRump’s name may be on the agreements, but the money backing the clain and paying the interest comes from…. where, exactly? Especially now that his customers are fleeing for less grabbable venues.

        One more reason the DC site is so egregious. “Wanna see the pResident? Stsy in his hotel first…”

        • thatotherjean

          Of course, it’s not his, despite his name in huge gold letters. It’s the Old Post Office Building, leased from the government–which it shouldn’t be, because, since Trump was elected President, it’s against the Emoluments Clauses. I hope Mueller’s taking note of that.

          • boatboy_srq

            Thing is, how many other properties are “his” in anything but name?

          • thatotherjean

            Excellent question, that. Not all that many, I hope.

      • Reality.Bites

        As my father used to say when I was a kid, something is only worth what someone’s willing to pay you for it.

        The longer he’s president, the less they’ll be worth

  • 600 million -spare change.

  • Halou

    How much money has he robbed from taxpayers with his weekly holidays to his own properties?
    How much money has the emoluments hotel in DC made?
    How many millions of 2016 campaign and 2020 campaign donations has he diverted to personal/familial accounts?

  • KevInPDX

    A self proclaimed billionaire. I think he runs a big shell game living like a robber baron for show just trying to run out the clock and die before it all comes crashing down in a giant foreclosure and fire sale by his creditors.
    Going into 2016(?) it couldn’t be determined he was worth more than the $330 million he inherited when his dad kicked the bucket. Forbes is being way too kind and generous in it’s reporting, No one but Drumphy knows what his debt load is and what loan sharks hold the markers.

  • kladinvt

    And where are his freaking tax returns?!

  • Chrissy

    He’ll make it up with those backdoor bribes that are going through secret back channels into foreign bank accounts.

  • charemor

    I am surprised that he had $600 million to lose.

  • Pablo SΓ‘nchez
  • JaniceInToronto

    LOSER!

  • GanymedeRenard

    Not enough. I wish poverty strikes him so harsh that he’s forced to beg for money on the streets.

  • thatotherjean

    Of course, nobody knows how far he is in debt to Russian banks.

    Where did that 3.7 billion figure come from to begin with?

  • JCF
  • Pete Wascher

    what about the impact of visitors to mar-a-lago and trump d.c. hotel seeking favors? report based on what ending date?

  • Pete Wascher

    wouldn’t it be ironic if trump loses money being president?

  • Pete Wascher

    can’t wait for mueller to release trump’s tax returns!

  • LesbianTippingHabits


    What’s Donald Trump’s credit score?

    Equifax hackers, please share with the world.